To convince people they have to wear something, it has to be incredible. If we asked a room of 20-year olds to stand up if they’re wearing a watch, I don’t think anyone would stand up. […] I don’t think it has to be just that. I think other wearable ideas could be interesting. The sensor thing is exploding.

On Android: Do I look at it? Of course. I don’t have my head stuck in the sand… Globally I think there are a lot of phones that are called smartphones that if we got together, we’d call it a feature phone, and the user uses it like a feature phone.

Cook says Apple was on the pace of buying a company every 60 days, every six months or so. Apple has already acquired 9 companies in this fiscal year. Walt: “Did you announce them all?” Tim: “Of course not!”